Harvest Capital Strategies LLC purchased a new stake in TrueCar Inc (NASDAQ:TRUE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 954,110 shares of the technology company’s stock, valued at approximately $10,686,000. TrueCar makes up 1.9% of Harvest Capital Strategies LLC’s holdings, making the stock its 14th biggest holding. Harvest Capital Strategies LLC owned 0.95% of TrueCar as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in TrueCar during the third quarter worth $104,000. Massey Quick Simon & CO. LLC purchased a new stake in TrueCar during the third quarter worth $119,000. Global Endowment Management LP purchased a new stake in TrueCar during the fourth quarter worth $133,000. Vident Investment Advisory LLC purchased a new stake in TrueCar during the third quarter worth $237,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in TrueCar during the fourth quarter worth $190,000. Hedge funds and other institutional investors own 89.04% of the company’s stock.
TRUE has been the topic of a number of research analyst reports. Zacks Investment Research upgraded TrueCar from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Stephens set a $18.00 target price on TrueCar and gave the stock a “buy” rating in a research report on Friday, February 16th. B. Riley reiterated a “buy” rating and set a $18.00 target price on shares of TrueCar in a research report on Wednesday, January 24th. Finally, ValuEngine downgraded TrueCar from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. TrueCar currently has a consensus rating of “Hold” and a consensus target price of $17.56.
TrueCar Inc (NASDAQ TRUE) opened at $10.94 on Wednesday. TrueCar Inc has a 1-year low of $10.16 and a 1-year high of $21.75. The firm has a market capitalization of $1,109.16, a price-to-earnings ratio of -31.40 and a beta of 2.52. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.41 and a quick ratio of 6.41.
TrueCar (NASDAQ:TRUE) last released its quarterly earnings results on Thursday, February 15th. The technology company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. TrueCar had a negative return on equity of 8.70% and a negative net margin of 10.16%. The company had revenue of $83.13 million during the quarter, compared to analysts’ expectations of $81.72 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. equities research analysts anticipate that TrueCar Inc will post -0.25 EPS for the current year.
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TrueCar Company Profile
TrueCar, Inc is an Internet-based information, technology, and communication services company. The Company has a data-driven online platform, which features market data and analytics. The Company-branded platform is available on its TrueCar Website and mobile applications. It customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for a range of enterprises.
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